China hits double-salvo with AC Milan deal

Chinese consortium including state-owned SDIC paid $820 million for the Italian soccer club in the largest-ever Chinese investment into European football.

A Chinese consortium including State Development & Investment Corporation (SDIC) clinched a preliminary agreement to buy nearly all of Italian soccer heavyweight AC Milan late on Friday, just hours after private investor Guochuan Lai sealed a deal to take over British football club West Bromwich Albion.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media